UPS Q3 Earnings Preview: Delivery Giant Aims To End Revenue Misses As Stock Remains 'Stuck In A Two-Year Downtrend'
Portfolio Pulse from Chris Katje
UPS is set to report its Q3 earnings, aiming to end a streak of revenue misses. Analysts expect revenue of $22.14 billion and EPS of $1.63. The company has faced challenges with labor negotiations and softer shipping volumes. UPS stock is in a two-year downtrend, with key resistance at the 200-day moving average. Recent analyst ratings show mixed sentiments, with price targets ranging from $120 to $162.
October 23, 2024 | 6:57 pm
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NEUTRAL IMPACT
UPS is expected to report Q3 earnings with revenue of $22.14 billion and EPS of $1.63. The company has missed revenue estimates for eight consecutive quarters. UPS stock is in a two-year downtrend, with resistance at the 200-day moving average. Analysts have mixed ratings, with price targets from $120 to $162.
UPS's upcoming earnings report is crucial as it aims to end a streak of revenue misses. The stock is in a downtrend, facing resistance at the 200-day moving average. Mixed analyst ratings indicate uncertainty, with price targets ranging from $120 to $162. The earnings report and any updates on guidance or M&A could impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
FedEx's recent earnings report, which cited softer shipping volumes, could impact UPS's performance and investor sentiment. FedEx stock fell post-earnings but has slightly recovered.
FedEx's report of softer shipping volumes could negatively influence UPS's performance and investor sentiment. FedEx's stock reaction post-earnings may serve as an indicator for UPS's potential market response.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50